Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,260 handbags is as follows: The selling and administrative expenses are $27,200. The management wants a profit equal to 16% of invested assets of $501,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,260 handbags. $ b. Determine the product cost per unit for the production of 1,260 handbags. per unit c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. \begin{tabular}{lcl} Cost & $ & per unit \\ Markup & & per unit \\ \cline { 2 - 2 } Selling price & & per unit \end{tabular}